Best MACD Setting for H1 BTCUSD Chart
How to Add MACD Bitcoin Indicator on MetaTrader 4
Step 1: Open MetaTrader 4 Platform Navigator Window Panel
Open the MetaTrader 4 Navigator window as shown below: Navigate to "View" menu (click) & then select "Navigator" window (click), or From the Standard Tool Bar click on the "Navigator" button key or use keyboard short cut keys "Ctrl +N"
On the MT4 Navigator window panel, choose "Technical Indicators", (DoubleClick)
Best MACD Setting for 1 H BTCUSD Chart - Best MACD Settings for 4 Hour BTCUSD Chart
Adding MACD MT4 Cryptocurrency Chart Indicator
Expand the bitcoin technical technical indicators popup menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the MACD indicator from this list of MT4 cryptocurrency indicators so as to add the MACD indicator on the bitcoin chart.
Best MACD Setting for 1 H BTCUSD Chart - Best MACD Settings for 4 Hour BTCUSD Chart
How to Add Custom MACD Bitcoin Indicator on MT4
If the technical indicator you want to add is a custom MACD indicator - for example if the MACD indicator you want to add is a MACD custom MT4 cryptocurrency indicator you will need to first add this custom MACD indicator on the MT4 software and then compile custom bitcoin MACD technical indicator so that the new added MACD custom bitcoin indicator appears on the list of custom indicators on the MT4 software.
To learn how to install MACD indicator on MT4, how to add MACD indicator window panel to MetaTrader 4 & how to add bitcoin MACD custom MT4 indicator in MT4 - How to add a custom MACD indicator in MT4.
MACD Cryptocurrency Technical Indicator Described
MACD Bitcoin Technical Analysis and MACD BTCUSD Signals
The MACD is one of the simplest, reliable, and most commonly used cryptocurrency indicators.
MACD is a momentum oscillator & also a bitcoin trading price trend following indicator.
Construction of MACD Technical Indicator
The construction of this MACD indicator calculates the difference between two moving averages and then draws that as "Fast" line: the a second "Signal" line is then calculated from the resulting "Fast" line & then drawn on the same panel window as the "Fast" line.
- "Fast" line - Blue Line
- "Signal" line - Red Line
The "standard" MACD indicator values for the "Fast" line is a 12-period exponential moving average & a 26-period exponential moving average and a 9-period exponential moving applied to the fast line, this plots the "Signal" line.
- MACD FastLine - difference between 12 & 26 exponential moving averages
- MACD Signal Line - moving average of this difference of 9 - periods
Best MACD Settings for BTCUSD Swing Trading - Best MACD Settings for Scalping BTCUSD Trading
MACD BTCUSD Technical Analysis & How to Generate Bitcoin MACD Trading Signals
The MACD indicator is a commonly used as bitcoin trading price trend following technical indicator & works most effectively when analyzing bitcoin trading price trending bitcoin trading price movements. The three common strategies of using MACD indicator to generate bitcoin signals are:
Crossovers BTCUSD Signals:
MACD FastLine, MACD Signal Line Crossover:
- A buy btcusd signal gets generated when the MACD Fast line crosses above the MACD Signal line
- A sell btcusd signal gets generated when the MACD Fast line crosses below MACD Signal line.
However, in a strong bitcoin trading price trending market this signal gives a lot of whipsaws, best bitcoin MACD cross-over to use would thus be the MACD Zero Line Crossover Signal that is less prone to bitcoin whipsaws.
MACD Zero Line Crossover Trading Signals:
- When the MACD FastLine crosses above the MACD zero center-line a buy bitcoin trade signal is generated.
- when the MACD FastLine crosses below MACD zero center-line a sell bitcoin trade signal is generated.
MACD Divergence BTCUSD Trading:
Looking for divergences between the MACD indicator and bitcoin trading price can prove to be very effective in spotting potential bitcoin trading price trend reversal and/or bitcoin trading price trend continuation points in bitcoin trading price movement. There two types of MACD divergences:
- MACD Classic Divergence Bitcoin Signals
- MACD Hidden Divergence Bitcoin Signals
MACD Overbought Bitcoin Trading Levels and MACD Oversold BTCUSD Trading Levels:
MACD indicator is also used to identify potential overbought & oversold levels in bitcoin price action movements.
These overbought & oversold levels are generated if the shorter MACD Lines separate dramatically from the median, this is a signal that bitcoin price action is over extending and price will soon return back to more realistic regions.
MACD & Moving Average Crossover Bitcoin Trading System
MACD technical indicator can be combined with other indicators to form a cryptocurrency system. A good MACD indicator combination is with the Moving Average cross-over cryptocurrency trading system. A cryptocurrency signal is generated when both bitcoin technical trading indicators give a trading signal in same direction.
Best MACD Settings for BTCUSD Swing Trading - Best MACD Settings for Scalping BTCUSD Trading
